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Xcel Energy Inc. is a U.S. regulated electric utility and natural gas delivery company based in Minneapolis, Minnesota, serving more than 3.7 million electric customers and 2.1 million natural gas customers across parts of eight states (Colorado, Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Texas and New Mexico). [3]
Jan. 2—Xcel Energy employees, contractors and retirees, supported by the company's foundation, provided over $11 million and tens of thousands of volunteer hours in 2023 to communities in the ...
Xcel Energy held its 31st Lone Star Lineman's Rodeo on Friday, featuring some of its best lineworkers showing off their best climbing, safety and team skills at the Don Taylor Training and Rodeo ...
On May 3, 1995, Northern States Power Company and Wisconsin Energy Corporation (NYSE: WEC) each filed a Securities and Exchange Commission Form 8-K to combine in a merger-of-equals transaction to form Primergy Corporation, which would be a registered public utility holding company, and to be the new parent of both NSP and of the operating subsidiaries of WEC.
In 2003, Xcel Energy paid NRG Energy $752 million for the benefit of NRG Energy's creditors and took a $2 billion write-off. [4] On May 14, 2003, NRG Energy filed for chapter 11 bankruptcy. In the company's reorganization, Xcel Energy relinquished its ownership interest, and NRG Energy became an independent, public company after bankruptcy.
The aging nuclear plants are a crucial part of Xcel's plans for a carbon-free energy grid by 2040. Nuclear makes up about 30% of the utility's power supply in the Upper Midwest.
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Xcel Energy would record a greater than $100 million loss in 1Q 2015 as a result and recouped $27 million less than expected from the project. [citation needed] In March 2013, the plant was shut down for a routine refueling. During this time, workers replaced several original plant components.